Innovation, Competitiveness, and Development in Latin America

Book excerpt: Innovation, Competitiveness, and Development in Latin America provides a balanced and topical analysis of the successes and failures of development policy in post-war Latin America. Across nineteen chapters, experts in the economics and policy of Latin American development and policy identify the challenges at hand. They explore why the region is caught in a middle-income trap, where structural impediments frustrate the achievement of accelerated and sustainable growth. At the same time, potential actions are suggested for creating lasting progress. With fresh insights grounded in the reality of modern-day Latin America, this book offers scholars and professionals a crucial window into Latin America's long-term developmental trajectory.